In many circumstances, we assist the directors of the troubled business through a "phoenix". When a new business commences from the failure of a previous business and the business and assets are purchased from an Insolvency Practitioner.
We also provide a lead advisory service in respect of Corporate Finance transactions, including Management Buy Outs, Business Acquisitions and Refinance.
A pre-packaged sale of the business (or pre pack as they are more commonly referred to) is a process whereby a sale of the business and assets of the floundering company is agreed with a phoenix company. Often this is set up and managed by the existing directors and/or management team, prior to the appointment of an Administrative Receiver or Liquidator.
We work regularly with Banks and Factoring Companies to assist with out placing accounts, that no longer conform to your requirements.
Our professionally qualified staff with backgrounds in accounting and banking, combined with the funders we have available through our Commercial Finance brokerage, puts us in an ideal position to refinance your clients with other lenders.
Unlike many recovery and turnaround businesses, we are not insolvency practitioners. It is in our interests to assist your business to recover. Should it become necessary to introduce an Insolvency Practitioner, we work with a small number of commercially aware Insolvency Practitioners to achieve the most desirable outcome for our clients